On the weekly timeframe, ORI has printed a 10-week rally straight into a key supply zone—aligning cleanly with Gann’s 7–10 bar exhaustion principle within a single swing. This move suggests we’re nearing a potential inflection point. There’s still room for a final extension toward the second major supply structure around $25, but any push into that zone would likely be met with selling pressure and a corrective phase.
On the monthly, price has been advancing aggressively—but notably on declining volume, hinting at underlying weakness and possible buyer fatigue. If price stalls or rejects around current levels, it sets the stage for a layered accumulation opportunity at the zones highlighted on the chart.
Should price consolidate and absorb supply in these areas, the setup opens the door for a breakout to all-time highs, offering a compelling Risk-to-Reward profile for strategic positioning.
Setup Invalidation: A decisive break and close below $14.89 would invalidate the thesis, confirming a macro higher low breakdown. However, wicks into this zone are acceptable as part of a liquidity sweep or shakeout.
On the monthly, price has been advancing aggressively—but notably on declining volume, hinting at underlying weakness and possible buyer fatigue. If price stalls or rejects around current levels, it sets the stage for a layered accumulation opportunity at the zones highlighted on the chart.
Should price consolidate and absorb supply in these areas, the setup opens the door for a breakout to all-time highs, offering a compelling Risk-to-Reward profile for strategic positioning.
Setup Invalidation: A decisive break and close below $14.89 would invalidate the thesis, confirming a macro higher low breakdown. However, wicks into this zone are acceptable as part of a liquidity sweep or shakeout.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.